With the media business gone, AT&T expects to spend $24 billion on capital investments this year and sees cash flow of about $16 billion, down from $19.2...
The $100 million AT&T Discovery District on Commerce Street is the most visible addition to downtown Dallas during the pandemic.Dallas-based AT&T Inc., which is returning to its roots as a pure telecom company, showed investors Friday how it plans to balance expanding broadband services while paying for network upgrades and an $8 billion dividend.
With the media business gone, AT&T expects to spend $24 billion on capital investments this year and sees cash flow of about $16 billion, down from $19.2 billion last year, according to the statement. By 2024, capital spending will come down to $20 billion as bigger parts of the network buildouts are completed.
AT&T sees profit excluding some items this year in the range of $2.42 to $2.46 a share, up from $2.41 last year if WarnerMedia were excluded.Most analysts haven’t provided estimates for standalone AT&T as they awaited the company’s outlook and a better sense of timing for the WarnerMedia spinoff. AT&T reiterated Friday that it expects the deal to close early in the second quarter.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AT&T’s Short, Bumpy Ride in Hollywood: Timeline of WarnerMedia’s Road to Discovery Spinoff DealWarnerMedia has been owned by telco giant AT&T for less than four years and it will soon have a new parent company — likely by the end of next month. Discovery’s shareholder vote on…
Read more »
Discovery Stockholders Approve $43 Billion WarnerMedia MergerDiscovery investors voted in approval of the company’s $43 billion acquisition of WarnerMedia from AT&T during a special meeting of stockholders Friday, marking the final formal step befo…
Read more »
North Dallas Residents Concerned Over DART Train ConstructionNorth Dallas neighbors are fuming over what they consider to be dangerous problems with DART’s new Silver Line between Plano and DFW Airport.
Read more »
Student loan repayments, set to restart May 1, may be delayed againThe White House is considering pushing back the payment start date again.
Read more »
Regina Hall Shares Oscars Hosting Advice She Got From Whoopi GoldbergEGOT winner and four-time Oscars host Whoopi Goldberg gave some invaluable advice to Regina Hall.
Read more »
Canadians say politics and profits are to blame for gas pricesBritish Columbia and Quebec have the most people considering an electrified vehicle. They are also offering rebates for “green” vehicles. — via drivingdotca electricvehicles EV autonews greenvehicles gasprices fuelcost
Read more »